| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 2/20/2005
Posts: 54
|
Hi,
my trading platform distinguishes between full, fast and slow stochastics. Which one of these do I see when I plot stochastics in Telechart? And what are the advantages or characteristics of either?
thanks,
George Kern
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
You maybe intersted in this:
Sorting with Stochastics
Thanks
diceman
|
|
Registered User
Joined: 2/20/2005
Posts: 54
|
thanks for the video suggestions. They are very informative. But they don't answer my questions: What is full stochastics, slow stochastics, and fast stochastics, and which of these is plotted in Telechart.
George Kern
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
Realize the term "full" is from your trading platform.
(it has nothing to do with telechart)
You would have to ask them what it is.
------------------------------------------------------
You can also see this post to see how various
lines are described:
Thanks
diceman
|
|
Registered User
Joined: 2/20/2005
Posts: 54
|
ok, thanks, this last post you mentioned made it clear to me. What my trading platform calls 'fast Stochastics' is called 'raw stochastics' in Telechart lingo. When %K is smoothed, they call it 'slow stochastics', and this is what is generally used in Telechart by the Wordens.
So STOC12,1,3 would be an example of a 'raw' or 'fast' stochastics (unsmoothed %K),
and STOC12,3,3 would be an example of a slow stochastics (smoothed %K)
Does this about sum it up correctly?
thanks,
George Kern
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
"So STOC12,1,3 would be an example of a 'raw' or 'fast' stochastics (unsmoothed %K),
and STOC12,3,3 would be an example of a slow stochastics (smoothed %K)"
-------------------------------------------------------------------------------------------------
STOC12.1
(raw %K un-smoothed)
------------------------------------------------
STOC12.3
(a smoothed %K the "slow stochastic")
-------------------------------------------------
STOC12.3,3
(a smoothed (%K slow stochastic) know a %D)
-----------------------------------------------
Typically %K will be the indicator (smoothed or un-smoothed)
%D will typically be the filter/trigger line.
%K>%D a positive trend is in place.
%K<%D a negative trend is in place.
Thanks
diceman
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
georgekern,
TeleChart uses a Full Stochastic. The settings for Stochastics available in TeleChart include the Period, SK Period, SD Period and Average Type. Full Stochastics can be used to reproduce both Fast and Slow Stochastics.
Full Stochastic (x,1,y) = Fast Stochastic (x,y)
Full Stochastic (x,y,y) = Slow Stochastic (x,y)
There are other interpretations as well. You may wish to review the following:
Slow Stochastics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 2/20/2005
Posts: 54
|
thanks Bruce
|
|
Registered User
Joined: 10/7/2004
Posts: 18
|
I retrieved this formula from an old Worden report (2007) but it doesn't return anything. It was said to have been a buy signal. Please advise.
(STOC8.3 > AVG(STOC8.3,3)) AND (STOC12.3 > AVG(STOC12.3,)) AND (STOC12.3<65) AND (STOC4.3>AVG(STOC4.3,3)) AND (STOC2.1> AVG(STOC2.1,2))
|
|
Registered User
Joined: 10/7/2004
Posts: 18
|
(STOC8.3 > AVG(STOC8.3,3)) AND (STOC12.3 > AVG(STOC12.3,3)) AND (STOC12.3<65) AND (STOC4.3>AVG(STOC4.3,3)) AND (STOC2.1> AVG(STOC2.1,2))
On the previous equation one digit was missing, the 3 in the second bundle. It is okay now.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I am happy to read you were able to resolve the issue on your own.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |